MCXNow Shutting down (Temporary)

[SaltySpitoon]

I saw the threads and information posted directly on the site, so I figured I'd make a less biased thread and sticky it so people could get their coins out, as recommended, and post the straight information as we know it. MCXNow is Shutting down hopefully temporarily. That is what the announcement says, so I'll go with that. If you don't think its opening back up, fine, but the known information for now is that RealSolid plans on opening it again, any speculation is purely speculation.

You are welcomed to speculate and fud in the thread as much as you want. I don't really have an opinion either way, but it is a rather important announcement as I'm sure many people had funds in there which should be taken out.

[Hazard]

Oh please... This comes on the heels of a massive fee sale. Call it for what it clearly is; a scam.

Let's not give the herd any false hope; dump your fees for what ever little bit you can get, because RS is gone, and MCXNow with him.

[SaltySpitoon]

Oh please... This comes on the heels of a massive fee sale. Call it for what it clearly is; a scam.

Let's not give the herd any false hope; dump your fees for what ever little bit you can get, because RS is gone, and MCXNow with him.

Like I said, I don't really have any opinion on the matter. If its a scam, its a scam, get your coins out like the notice says.

[Hazard]

Unfortunately, those who bought a piece of a now defunct exchange have zero recourse. You can't withdraw that. RS made off with thousands of BTC.

The big fee sale was what, 2 or 3 weeks ago? Nice thing to do when you know you're shutting down the exchange.

Perhaps as a moderator you're not supposed to voice an opinion, but I know for a fact that you've been around long enough to witness all of RS's antics.

[SaltySpitoon]

Unfortunately, those who bought a piece of a now defunct exchange have zero recourse. You can't withdraw that. RS made off with thousands of BTC.

Perhaps as a moderator you're not supposed to voice an opinion, but I know for a fact that you've been around long enough to witness all of RS's antics.

No, I'm free to voice my opinions, I just choose not to do so when I'm not certain or my opinion wont help anyone either way. I was a very early Solidcoin adopter, and spent more than a bit of time around RealSolid. I was never a fan of his attitude, but I will give it to him that hes a talented developer. Really, there is no such thing as trustworthiness. Just the pros and cons of which way you decide to go. If RealSolid thinks he can make millions more by operating the site, why would he scam? If hes done with the project, he might scam. I just don't know, so I have no reason to say either way.

I will say however that if you use MCXNow, get your coins out as per request of the site operator.

[dbasql]

Agree with OP you only have a few minutes before the Fees become useless at least for now.
Man I really feel sorry for those that are invested in Fees. It seems like a great idea and I commend him for be innovative but this proves that nothing of this magnitude can be run by one person.

[kelsey]

what sort of admin openly allows know scammers to promote their exchanges here?

[GoldSeal]

I was lucky. I was able to login the first minute the exchange opened after maintenance and I dumped my fees above 0.19. My coins have already been transferred out. That RealSolid is a real piece of shit to do this to people.

[erk]

Agree with OP you only have a few minutes before the Fees become useless at least for now.
Man I really feel sorry for those that are invested in Fees. It seems like a great idea and I commend him for be innovative but this proves that nothing of this magnitude can be run by one person.

There are millions of dollars at stake here, this is looking like the crypto scam of all time.

Essentially the people that paid 0.4BTC per fee share float recently have been scammed, without trade the promise of those fee shares is now worthless, they can't be used elsewhere, there should be refunds.

[GoldSeal]

Best quote from rs that I just saw in chat:


realsolid: I CAN SHUT IT DOWN ANY MOMENT, if you didnt realize this youre a fucking idiot


Who will ever make deposits with this clown ever again? Look at his attitude.

[BitThink]

What do you think when an exchange is closed (maybe temporarily, maybe not) after collecting millions of dollars from investors?

It was one man's exchange before the IPO, and he could do whatever he want that time. But now? After collected more than millions, then claiming cannot maintain it by one person, and cannot hire some talents to help you with millions of dollars? Unbelievable. Fortunately I did not invest on this guy and his website.

[Hazard]

What do you think when an exchange is closed (maybe temporarily, maybe not) after collecting millions of dollars from investors?

It was one man's exchange before the IPO, and he could do whatever he want that time. But now? After collected more than millions, then claiming cannot maintain it by one person, and cannot hire some talents to help you with millions of dollars? Unbelievable. Fortunately I did not invest on this guy and his website.

Incorrect. He was not selling shares of the exchange. He was selling shares of the fees the exchange generates. This is an important distinction because it protects him from legal action.

That is to say, you are fucked and have no recourse. I've been posting about this for months now.

@GoldSeal, got a screenshot of that? I'm gonna write an article about this and would love a record of all the ridiculous shit he's saying.

[GoldSeal]

More gold from RealSolid:

realsolid: some of you guys are fucking living in a severe fantasy land worse than me

[iGotSpots]

[GoldSeal]

@GoldSeal, got a screenshot of that? I'm gonna write an article about this and would love a record of all the ridiculous shit he's saying.

Can't I'm stuck on this tiny iPad mini. If you grab some quotes from his chat. He's saying some amazing shit!

[erk]

What do you think when an exchange is closed (maybe temporarily, maybe not) after collecting millions of dollars from investors?

It was one man's exchange before the IPO, and he could do whatever he want that time. But now? After collected more than millions, then claiming cannot maintain it by one person, and cannot hire some talents to help you with millions of dollars? Unbelievable. Fortunately I did not invest on this guy and his website.

Incorrect. He was not selling shares of the exchange. He was selling shares of the fees the exchange generates. This is an important distinction because it protects him from legal action.

That is to say, you are fucked and have no recourse. I've been posting about this for months now.

@GoldSeal, got a screenshot of that? I'm gonna write an article about this and would love a record of all the ridiculous shit he's saying.

http://mcxchart.com/chatlog/2013/11/25/

I have pointed the wayback machine at it in case RS decides to delete the chat logs.

[GoldSeal]

Eek you rock. Did you see the quotes in there? It's amazing shit

[Charles999]

A scam thread has been created for him:

https://bitcointalk.org/index.php?topic=347008.new#new

[erk]

RS claims he has done no wrong, however the tone of the users seems to indicate the opposite, it's not just a vocal minority either, he had to appoint two new moderators in a hurry to keep up with the chat bans, interesting times.

[aldrin]

say you're closing, feeshares drop, buy them up - "oh, i've decided to take on a partner, so staying open" - feeshares go back up - made a tidy profit